The govt has thus rejected the recommendation of the parliamentary standing committee on finance that the 26% FDI cap be a part of the Bill The cabinet on Wednesday cleared amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, capping the overseas Investment limit in the sector at 26%, but retaining the flexibility to raise this limit by stating that it would not form a part of the legislation. The...

The claim that the Unique Identification project will facilitate the delivery of basic health services is dishonest. AMONG the many reasons cited for India to proceed with the Unique Identification (UID) project – that it will facilitate delivery of basic services, that it will plug leakages in public expenditure, that it will speed up achievement of targets in social sector schemes, and so on – the most specious is perhaps the...

-The Telegraph   The Union government today pledged Rs 100 crore to kickstart a fund that would seek to mobilise innovation focused on solving problems for sections of the population at the bottom of India’s socio-economic pyramid. The National Innovation Council (NIC), a government think tank, which has proposed the India Inclusive Innovation Fund has said it is designed to address concerns that existing innovation has often focused more on the wants of...

-The Hindu   Scheduled Caste farmers of Hussainapuram in Orvakal mandal in the district cultivated lands assigned to them after 45 years, taking the support of MGNREGS. The first-time farmers were happy to see lush green castor and redgram crops. However, the drought slightly damaged the crops, which otherwise would have brought them good yields. Around 31 SC families and others had been assigned 386 acres land nearly four decades ago under a...

The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...